With Bitcoin SV, 32MB blocks are just the start for Bitcoin Cash. On Tuesday, the full node implementation designed to fulfil the Satoshi Vision for Bitcoin mined a 64MB block—the largest ever on a public blockchain.

At 7:54 a.m. on November 20, CoinGeek, which runs Bitcoin SV, generated the landmark 64MB block at block height 557335. The block accounted for 334,074 transactions, earning a mining fee of 0.651400BCH.

The record-breaking 64MB block comes shortly after SVPool mined a 38MB block at block height 557333, and is part of a longer run of 10 blocks with an average size of over 20MB. Mining blocks 32MB and beyond is important for Bitcoin Cash, as it shows that professional mining efforts are more advanced than others and that the network is capable of routinely mining larger blocks.

The achievement is part of the ongoing professional stress test conducted on the Bitcoin Cash network. The stress test, powered by Play.BCH.cash and independent of any BCH implementation group, is designed to test the throughput capacity of the BCH blockchain. The group previously ran a pre-test on November 10, in which Bitcoin SV mined five 32MB blocks—and hasn’t stopped setting records since.

Since November 17, the stress test team has been sending transactions onto the Bitcoin Cash network. Instead of testing both networks, the team opted to focus on generating large volumes of transactions on the BCHSV chain although many of the transactions are being replayed on the BCHABC chain, resulting in a string of blocks at miner configured soft limits, all set to less than 10MB.

Power play for Bitcoin SV, with the first ever block greater than 32MB mined by SVPool. WE LIKE BIG BLOCKS!! pic.twitter.com/uCHqszBeK3

The team paused the test to allow transactions to propagate in hopes that more big blocks will be found as the transactions migrate from validation queues into mempools and are mined over the next 6-12 hours. The test will resume in the next 24 hours, after at least half of the transactions delivered onto the network are successfully mined.

Bitcoin SV, which seeks to restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of Bitcoin Cash, is currently in the midst of a hash war with Bitcoin ABC, which has taken an early lead due to an artificial burst of support from hash power “rented” by its supports Bitcoin.com and Bitmain Technologies from miners on the rival Bitcoin Core (BTC) network. Bitcoin SV, on the other hand, operates on the “miners choice” philosophy, delivering sustained Proof of Work from miners committed to support the Bitcoin Cash network on an ongoing basis and which should count as legitimate votes for the Nakamoto Consensus that determines protocol rules according to the original Bitcoin white paper.

Although it’s still ongoing, the Professional Stress Test is already proof that Bitcoin SV is correct about its scaling roadmap: the Bitcoin Cash chain can handle much larger blocks and quickly scale for big enterprise use. For the recent November 15 protocol upgrade, Bitcoin SV lifted its default maximum block size to 128MB from the prior 32MB—opening the door to the record-breaking 64MB and 38MB blocks.

With the November 15 protocol upgrade, Bitcoin Cash—with Bitcoin SV—has finally come of age, and it’s no longer a dev experiment, but a mining-backed project. If you’re interested in seeing the true original power of Bitcoin, we recommend you to join the bComm Association and to also come to the CoinGeek Week conference from November 28-30 (with a special advance Miner’s Day on November 27), the perfect venue to meet the thought leaders and discuss the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus. Be part of the community that wants to let the original Bitcoin show the world its true power as sound money and so much more.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

With Bitcoin SV, 32MB blocks are just the start for Bitcoin Cash. On Tuesday, the full node implementation designed to fulfil the Satoshi Vision for Bitcoin mined a 64MB block—the largest ever on a public blockchain.

At 7:54 a.m. on November 20, CoinGeek, which runs Bitcoin SV, generated the landmark 64MB block at block height 557335. The block accounted for 334,074 transactions, earning a mining fee of 0.651400BCH.

The record-breaking 64MB block comes shortly after SVPool mined a 38MB block at block height 557333, and is part of a longer run of 10 blocks with an average size of over 20MB. Mining blocks 32MB and beyond is important for Bitcoin Cash, as it shows that professional mining efforts are more advanced than others and that the network is capable of routinely mining larger blocks.

The achievement is part of the ongoing professional stress test conducted on the Bitcoin Cash network. The stress test, powered by Play.BCH.cash and independent of any BCH implementation group, is designed to test the throughput capacity of the BCH blockchain. The group previously ran a pre-test on November 10, in which Bitcoin SV mined five 32MB blocks—and hasn’t stopped setting records since.

Since November 17, the stress test team has been sending transactions onto the Bitcoin Cash network. Instead of testing both networks, the team opted to focus on generating large volumes of transactions on the BCHSV chain although many of the transactions are being replayed on the BCHABC chain, resulting in a string of blocks at miner configured soft limits, all set to less than 10MB.

Power play for Bitcoin SV, with the first ever block greater than 32MB mined by SVPool. WE LIKE BIG BLOCKS!! pic.twitter.com/uCHqszBeK3

The team paused the test to allow transactions to propagate in hopes that more big blocks will be found as the transactions migrate from validation queues into mempools and are mined over the next 6-12 hours. The test will resume in the next 24 hours, after at least half of the transactions delivered onto the network are successfully mined.

Bitcoin SV, which seeks to restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of Bitcoin Cash, is currently in the midst of a hash war with Bitcoin ABC, which has taken an early lead due to an artificial burst of support from hash power “rented” by its supports Bitcoin.com and Bitmain Technologies from miners on the rival Bitcoin Core (BTC) network. Bitcoin SV, on the other hand, operates on the “miners choice” philosophy, delivering sustained Proof of Work from miners committed to support the Bitcoin Cash network on an ongoing basis and which should count as legitimate votes for the Nakamoto Consensus that determines protocol rules according to the original Bitcoin white paper.

Although it’s still ongoing, the Professional Stress Test is already proof that Bitcoin SV is correct about its scaling roadmap: the Bitcoin Cash chain can handle much larger blocks and quickly scale for big enterprise use. For the recent November 15 protocol upgrade, Bitcoin SV lifted its default maximum block size to 128MB from the prior 32MB—opening the door to the record-breaking 64MB and 38MB blocks.

With the November 15 protocol upgrade, Bitcoin Cash—with Bitcoin SV—has finally come of age, and it’s no longer a dev experiment, but a mining-backed project. If you’re interested in seeing the true original power of Bitcoin, we recommend you to join the bComm Association and to also come to the CoinGeek Week conference from November 28-30 (with a special advance Miner’s Day on November 27), the perfect venue to meet the thought leaders and discuss the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus. Be part of the community that wants to let the original Bitcoin show the world its true power as sound money and so much more.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

With Bitcoin SV, 32MB blocks are just the start for Bitcoin Cash. On Tuesday, the full node implementation designed to fulfil the Satoshi Vision for Bitcoin mined a 64MB block—the largest ever on a public blockchain.

At 7:54 a.m. on November 20, CoinGeek, which runs Bitcoin SV, generated the landmark 64MB block at block height 557335. The block accounted for 334,074 transactions, earning a mining fee of 0.651400BCH.

The record-breaking 64MB block comes shortly after SVPool mined a 38MB block at block height 557333, and is part of a longer run of 10 blocks with an average size of over 20MB. Mining blocks 32MB and beyond is important for Bitcoin Cash, as it shows that professional mining efforts are more advanced than others and that the network is capable of routinely mining larger blocks.

The achievement is part of the ongoing professional stress test conducted on the Bitcoin Cash network. The stress test, powered by Play.BCH.cash and independent of any BCH implementation group, is designed to test the throughput capacity of the BCH blockchain. The group previously ran a pre-test on November 10, in which Bitcoin SV mined five 32MB blocks—and hasn’t stopped setting records since.

Since November 17, the stress test team has been sending transactions onto the Bitcoin Cash network. Instead of testing both networks, the team opted to focus on generating large volumes of transactions on the BCHSV chain although many of the transactions are being replayed on the BCHABC chain, resulting in a string of blocks at miner configured soft limits, all set to less than 10MB.

Power play for Bitcoin SV, with the first ever block greater than 32MB mined by SVPool. WE LIKE BIG BLOCKS!! pic.twitter.com/uCHqszBeK3

The team paused the test to allow transactions to propagate in hopes that more big blocks will be found as the transactions migrate from validation queues into mempools and are mined over the next 6-12 hours. The test will resume in the next 24 hours, after at least half of the transactions delivered onto the network are successfully mined.

Bitcoin SV, which seeks to restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of Bitcoin Cash, is currently in the midst of a hash war with Bitcoin ABC, which has taken an early lead due to an artificial burst of support from hash power “rented” by its supports Bitcoin.com and Bitmain Technologies from miners on the rival Bitcoin Core (BTC) network. Bitcoin SV, on the other hand, operates on the “miners choice” philosophy, delivering sustained Proof of Work from miners committed to support the Bitcoin Cash network on an ongoing basis and which should count as legitimate votes for the Nakamoto Consensus that determines protocol rules according to the original Bitcoin white paper.

Although it’s still ongoing, the Professional Stress Test is already proof that Bitcoin SV is correct about its scaling roadmap: the Bitcoin Cash chain can handle much larger blocks and quickly scale for big enterprise use. For the recent November 15 protocol upgrade, Bitcoin SV lifted its default maximum block size to 128MB from the prior 32MB—opening the door to the record-breaking 64MB and 38MB blocks.

With the November 15 protocol upgrade, Bitcoin Cash—with Bitcoin SV—has finally come of age, and it’s no longer a dev experiment, but a mining-backed project. If you’re interested in seeing the true original power of Bitcoin, we recommend you to join the bComm Association and to also come to the CoinGeek Week conference from November 28-30 (with a special advance Miner’s Day on November 27), the perfect venue to meet the thought leaders and discuss the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus. Be part of the community that wants to let the original Bitcoin show the world its true power as sound money and so much more.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

With Bitcoin SV, 32MB blocks are just the start for Bitcoin Cash. On Tuesday, the full node implementation designed to fulfil the Satoshi Vision for Bitcoin mined a 64MB block—the largest ever on a public blockchain.

At 7:54 a.m. on November 20, CoinGeek, which runs Bitcoin SV, generated the landmark 64MB block at block height 557335. The block accounted for 334,074 transactions, earning a mining fee of 0.651400BCH.

The record-breaking 64MB block comes shortly after SVPool mined a 38MB block at block height 557333, and is part of a longer run of 10 blocks with an average size of over 20MB. Mining blocks 32MB and beyond is important for Bitcoin Cash, as it shows that professional mining efforts are more advanced than others and that the network is capable of routinely mining larger blocks.

The achievement is part of the ongoing professional stress test conducted on the Bitcoin Cash network. The stress test, powered by Play.BCH.cash and independent of any BCH implementation group, is designed to test the throughput capacity of the BCH blockchain. The group previously ran a pre-test on November 10, in which Bitcoin SV mined five 32MB blocks—and hasn’t stopped setting records since.

Since November 17, the stress test team has been sending transactions onto the Bitcoin Cash network. Instead of testing both networks, the team opted to focus on generating large volumes of transactions on the BCHSV chain although many of the transactions are being replayed on the BCHABC chain, resulting in a string of blocks at miner configured soft limits, all set to less than 10MB.

Power play for Bitcoin SV, with the first ever block greater than 32MB mined by SVPool. WE LIKE BIG BLOCKS!! pic.twitter.com/uCHqszBeK3

The team paused the test to allow transactions to propagate in hopes that more big blocks will be found as the transactions migrate from validation queues into mempools and are mined over the next 6-12 hours. The test will resume in the next 24 hours, after at least half of the transactions delivered onto the network are successfully mined.

Bitcoin SV, which seeks to restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of Bitcoin Cash, is currently in the midst of a hash war with Bitcoin ABC, which has taken an early lead due to an artificial burst of support from hash power “rented” by its supports Bitcoin.com and Bitmain Technologies from miners on the rival Bitcoin Core (BTC) network. Bitcoin SV, on the other hand, operates on the “miners choice” philosophy, delivering sustained Proof of Work from miners committed to support the Bitcoin Cash network on an ongoing basis and which should count as legitimate votes for the Nakamoto Consensus that determines protocol rules according to the original Bitcoin white paper.

Although it’s still ongoing, the Professional Stress Test is already proof that Bitcoin SV is correct about its scaling roadmap: the Bitcoin Cash chain can handle much larger blocks and quickly scale for big enterprise use. For the recent November 15 protocol upgrade, Bitcoin SV lifted its default maximum block size to 128MB from the prior 32MB—opening the door to the record-breaking 64MB and 38MB blocks.

With the November 15 protocol upgrade, Bitcoin Cash—with Bitcoin SV—has finally come of age, and it’s no longer a dev experiment, but a mining-backed project. If you’re interested in seeing the true original power of Bitcoin, we recommend you to join the bComm Association and to also come to the CoinGeek Week conference from November 28-30 (with a special advance Miner’s Day on November 27), the perfect venue to meet the thought leaders and discuss the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus. Be part of the community that wants to let the original Bitcoin show the world its true power as sound money and so much more.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

20 November 2018 – Bitcoin SV, the new full node implementation for Bitcoin Cash (BCH) mined a 64MB block, the world’s largest ever on a public blockchain. The huge block was mined by CoinGeek Mining, during an on-going Professional Stress Test of the BCH network. Just one hour before, a 38MB block was mined, also using the Bitcoin SV implementation, by SVPool, a personal initiative of nChain’s Chief Scientist Dr. Craig Wright. That 38MB block held the record for largest block mined on a public blockchain until the 64 MB block dwarfed it.

The BCH Professional Stress Test is designed to test the BCH blockchain’s throughput capacity. The 64 MB block came at block height 557335 and the 38 MB block came at block height 557333 on the BCH network. Powered by Play.BCH.cash and organized independently of any BCH full node implementation team, the testing group also ran November 10 pre-test, in which Bitcoin SV mined five 32 MB blocks, which were then the largest ever blocks mined on a public blockchain. Bitcoin SV thus continues to demonstrate its record-setting capabilities, with larger blocks now mined of 64 and 38 MB.

Bitcoin SV is currently in the midst of a “hash war” with Bitcoin ABC to be the leading BCH implementation, with miner votes that began with the November 15 BCH network upgrade. Although Bitcoin ABC has taken an early lead, its support relies heavily upon “rented” hash borrowed by its backers (Bitcoin.com and Bitmain Technologies) from miners on the rival Bitcoin Core (BTC) network ; in contrast, the hash backing Bitcoin SV is sustained Proof of Work from miners committed to support the BCH network on an on-going basis and which should count as legitimate votes for the “Nakamoto consensus” that determines protocol rules according to the original Bitcoin white paper.

The Professional Stress Test results confirmed that Bitcoin SV is correct about its scaling roadmap: the BCH blockchain can handle much larger blocks and quickly scale for big enterprise use. Named for the “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto, Bitcoin SV intends to restore the original Bitcoin protocol, keep it stable, and allow it to massively scale to a global network used by billions of people. For the recent November 15 protocol upgrade, Bitcoin SV lifted its default maximum block size to 128MB from the prior 32MB; that opened the door to the record-breaking 64MB and 38MB blocks. In contrast, Bitcoin ABC has kept its default block cap at 32MB, and is taking a slower scaling approach.

Bitcoin SV’s lead developer Daniel Connolly remarks:

“This is the next in a series of record-breaking blocks mined by Bitcoin SV. I believe we will see even bigger blocks reaching closer to our new 128MB default limit, especially when we eventually lift the default block cap altogether so miners can configure their own limits. The Satoshi Vision requires massive blocks, so businesses can do more complex transaction types and miners can earn more transaction fees.”

Bitcoin SV Technical Director Steve Shadders adds:

“For Bitcoin to achieve the Satoshi Vision, major businesses need confidence to build on a blockchain that has block capacity to support enterprise-level applications and projects, not just transactions between individual users. By locking down the protocol we can focus all our attention on scaling solutions that are needed to demonstrate that Bitcoin is ready for serious investment. That is what distinguishes Bitcoin SV from the other implementations, and is exactly why miners and businesses should choose Bitcoin SV over Bitcoin ABC to unlock Bitcoin’s massive potential.”

The Bitcoin SV project was created at the request of and sponsored by Antiguan-based CoinGeek Mining, with development work initiated by nChain. The project is owned by the Antiguan-based bComm Association on behalf of the global BCH community, and the Bitcoin SV code is made available under the open source MIT license. For more information about Bitcoin SV, visit www.bitcoinsv.io.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

With the protocol upgrade now behind us, the Bitcoin Cash (BCH) network is all set for the final part of the Bitcoin Cash Professional Stress Test, the biggest test ever conducted on a public blockchain.

The team behind Stresstestbitcoin.cash, which operates independently of the BCH implementation groups, will run the main test on November 17 at 12:00 UTC with a goal of processing over 24 million transactions within a 24-hour period on the main BCH chain to showcase the network’s current capacity. On its website, the team said the stress test “will be a positive signal for merchants, businesses and investors, giving them confidence in the Bitcoin BCH network and its ability to scale on-chain.”

The BCH Professional Stress Test has already conducted a Taste Test last November 1, followed by a Warm Up Test last November 10. The pre-test took place over four-hour period and generated over 1.5 million transactions, or around 400,000 transactions per hour.

During this test, SVPool and BMG Group successfully generated five full 32MB blocks—proof “that there are mining systems on the BCH network today that are ready to mine blocks larger than 32MB,” according to the pre-stress test report. SVPool, a personal initiative of Dr. Craig Wright, and nChain’s BMG Group run Bitcoin SV (Satoshi Vision), the full node implementation designed to fulfill the vision set out by Satoshi Nakamoto’s original Bitcoin white paper.

Unlike other competing BCH implementations which seek to make unnecessary changes to Bitcoin, Bitcoin SV’s roadmap is to restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of BCH.

Of the five 32MB blocks, four were generated within less than one hour. The team stressed, “These 4 blocks were all mined by BMG pool in rapid succession showing that their infrastructure is ready for blocks larger than 32MB.” Other mining groups that use Bitcoin SV—CoinGeek and SVPool—also mined very large blocks during the pre-test. SVPool mined a 20.6MB block, and CoinGeek mined a 15.4MB block.

Meanwhile, mining pools that run Bitcoin ABC achieved much smaller blocks during the pre-test: ViaBTC mined a single 8MB block, while most other blocks mined using Bitcoin ABC were at most 1-2MB during the pre-test.

Based on the pre-test results, it’s highly recommended that everyone get ready for the main stress test event on November 17 by running Bitcoin SV. After all, the preview test has already confirmed that Bitcoin SV is correct about its scaling roadmap: the BCH blockchain can handle much larger blocks and can more quickly scale for big enterprise use.

And after the BCH Professional Stress Test, come to the CoinGeek Week conference from November 28-30 (with a special advance Miner’s Day on November 27)—it’s the perfect venue to meet the thought leaders and discuss the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

12 November 2018 – Bitcoin SV, the new full node implementation for Bitcoin Cash (BCH) excelled in a November 10 preview of the BCH Professional Stress Test. Mining groups running the new Bitcoin SV client mined by far the biggest blocks, with nChain’s BMG Pool successfully mining five 32MB size blocks. That is the largest block size ever mined on any public blockchain, and completely filled the default maximum block size currently set on the BCH protocol. In advance of the November 15 network upgrade and hash war between competing BCH implementations, this pre-test demonstrated why Bitcoin SV is a superior choice for miners over Bitcoin ABC and other full node clients.

The preview test results also validate the growing hash support for Bitcoin SV. On November 11, Coin.dance data estimated that Bitcoin SV now has support ranging from 58-68% of the total BCH network hash, compared to Bitcoin ABC with only 19-32%. Bitcoin SV is the first BCH implementation to cross over 50% estimated hash support since Coin.dance began reporting such data in advance of the November 15 hard fork. Bitcoin SV’s support is expected to increase even more, as Mempool, a new Chinese mining pool recently launched and will run Bitcoin SV. The hash backing Bitcoin SV is sustained Proof of Work from miners committed to support the BCH network on an on-going basis.

The BCH Professional Stress Test is designed to test the BCH blockchain’s throughput capacity. Powered by Play.BCH.cash and organized independently of any BCH full node implementation team, the testing group ran a November 10 pre-test in advance of its main November 17 test. The test team deployed a network of over 50 nodes in geographically dispersed locations and using Bitcoin SV, Bitcoin ABC and Bitcoin Unlimited client implementations. During the pre-test, the group created and sent 1,578,504 BCH transactions over a period of 4 hours, or around 400,000 transactions per hour.

At block height 556034, BMG Pool mined the world’s first ever 32MB block. Just two hours later, BMG mined fourmore 32MB blocks almost consecutively at block heights 556045, 556046, 556048, and 556049 – with each block containing over 166,000 individual transactions. As the test team’s report observes about this “astounding” series, “[t]hese 4 blocks were all mined by BMG pool in rapid succession showing that their infrastructure is ready for blocks larger than 32MB.” BMG Pool is the affiliated mining group of blockchain research and development company nChain.

Other mining groups that use Bitcoin SV – CoinGeek and SVPool – also mined very large blocks during the pre-test. SVPool mined a 20.6 MB block, and CoinGeek mined a 15.4MB block.

In comparison, mining pools running Bitcoin ABC achieved much smaller blocks during the pre-test. ViaBTC mined a single 8MB block at block height 556035, but most other blocks mined using Bitcoin ABC were at most 1-2 MB during the pre-test.

The preview test confirmed that Bitcoin SV is correct about its scaling roadmap: the BCH blockchain can handle much larger blocks and can more quickly scale for big enterprise use. Named for the “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto, Bitcoin SV intends to restore the original Bitcoin protocol, keep it stable, and allow it to massively scale to a global network used by billions of people. For the upcoming November 15 protocol upgrade, Bitcoin SV will lift its default maximum block size to 128MB. In contrast, Bitcoin ABC client will keep its default block cap at its current 32MB.

Bitcoin SV’s lead developer Daniel Connolly remarks:

“Other developer groups said BCH software could not handle blocks above 22MB. We’ve now shown with Bitcoin SV that even 32MB size blocks can be mined. Once we go to a 128MB default maximum block setting, I look forward to seeing even bigger blocks. One day, we will lift the default block cap altogether so that miners can configure their own block settings. Bigger blocks will allow more diversity of complex transaction types and more transaction fees for miners.”

“Global businesses will operate on the BCH blockchain only if its protocol remains stable, rather than facing unnecessary changes every 6 months by developers who want to add some experimental new OP_code or feature change. We want to restore the BCH protocol to Satoshi’s original design, and then keep it stable just like the Internet protocol does not often change.”

Mr. Shadders summarized the choice facing miners for the November 15 hard fork:

“For BCH miners around the world, the correct choice is Bitcoin SV. We provide the path to achieve the original Satoshi Vision for Bitcoin, which will enable miners to generate more transaction revenue and remain profitable for years to come.”

The Bitcoin SV project was created at the request of and sponsored by Antiguan-based CoinGeek Mining, with development work initiated by nChain. The project is owned by the Antiguan-based bComm Association on behalf of the global BCH community, and the Bitcoin SV code is made available under the open source MIT license. For more information about Bitcoin SV, visit www.bitcoinsv.io.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

This past September, a stress test of the Bitcoin BCH blockchain was held. The results were more satisfactory than many had expected, with 10 megabyte (MB) and 21MB blocks mined. By the end of the test, 2.1 million transactions were completed and Bitcoin BCH accounted for over 60% of the crypto traffic over the period the tests were conducted. In preparation of another stress test on November 17, CoinGeek has been running some minor stress tests and the results are impressive.

As seen in the CoinGeek mining chart below, a number of blocks measuring 32MB were mined. This is important, as it shows that CoinGeek’s mining efforts are more advanced than others, and that it is capable of routinely mining larger blocks.

Some will try to argue that large block mining is irrelevant because cryptocurrency has yet to make a significant penetration into the merchant ecosystem. However, this is a fallacy and the mentality of procrastinators who don’t understand the importance of having the system ready before it’s needed -not after. By developing the network now and looking toward the future, there won’t be a need to scramble at the last minute to introduce changes.

Everyone, at some point or another, has become frustrated in a shopping experience because the retailer wasn’t prepared for the response it received. Lack of preparation leads to delays in purchasing, delivery, loss of revenue and a generally poor customer experience. All of these can be avoided if the network is prepared ahead of time.

Being able to demonstrably prove that the Bitcoin BCH network is capable of massive amounts of simultaneous transactions will show the world that it is capable of leading the way toward wider acceptance of cryptocurrency for its original purpose – a peer-to-peer currency that is meant to give control back to the money holders.

CoinGeek’s test is a step toward showing the viability of its mining pool and the strength of its support team. While others are satisfied waiting around to see how the future plays out, CoinGeek is determined to not only be a part of the future, but to shape it, as well.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

After the success of the first Bitcoin BCH stress test on the first of September, the group behind that test have decided to ramp up their efforts to showcase the robustness and reliability of the of the BCH Network.

The group plans a more extensive, more professional stress test on November 17, two days after the scheduled protocol upgrade.

Rather than I tell you about the upcoming stress test, Brenden Lee of https://stresstestbitcoin.cash has put some words on the page to give some insight into their group, their processes and what everyone can expect come November 17.

The Professional Stress Test

“Our team came together to bring the first stress test to life, and while the test itself was something of a success, the 2.2 million transactions were a far cry from the target we had set for ourselves of 5 million transactions.

The reasons were wide-ranging and included a lack of automated systems for re-starting tests that failed, issues with the way some nodes were managing transaction buffers, and a lack of people to run the testing and manage the system.

After the test, a small group of us came together to look at forming a professional testing group, and the idea of the professional stress test was born.

Dale Dickins is an early Bitcoin activist and the maker of a documentary called “The Bitcoin Doco.” She works tirelessly to build networks of people who use Bitcoin, creating small social worlds to achieve great things. She has recently been part of the group who brought the Bitcoin Cash Jeepney to the streets of Manila and is working on forming long-term business relationships in Bitcoin.

Esthon Medeiros is the wizard behind the curtain, building and managing the test machinery, currently being referred to as the ‘Satoshi Shotgun,’ which has significantly evolved since the first test. We now can create many geographically dispersed nodes using multiple Bitcoin clients (we currently support Bitcoin Unlimited, Bitcoin SV and Bitcoin ABC) and can easily regather funds and send large numbers of transactions for a sustained period. The machine’s power will be on display during the upcoming pre-test which we hope will achieve at least one 32MB block.

Brendan Lee is the author of BUIP086 which extends the functionality of Bitcoin QR codes and developed and now sells the patented Safewords system through his company Coin storage Guru, while more recently has been fortunate enough to be part of the team at Tokenized, recently awarded the Coingeek Token prize. His role has been planning the strategy for ensuring money and resources are available on the day as well as acting as a technical interface for customers.

John Goldberg is the creator of the innovative Pixel Wallet (an Android BCH wallet that uses pictures to send cash) and was a significant contributor to the original stress test and one of the core members of the BCH Jeepney team, who were the first to implement Handcash’s POP Retail system in a real-world application.

We also have Spark who created some fantastic data visualizations for the first stress test and is working on ways to capture the essence of what happens during this stress test.

And finally, Yobits who was the originator of the Stress Test idea and as webpage master has done a great job putting together a beautiful website.

As for the stress test itself, we want it known that we are not here to break things. We, as a team, are aligned with Satoshi Vision, however, have decided to run the test in such a way that a network supporting current rules, or the ABC ruleset would face minimal disruption.

The test will challenge mempools, and users may have to pay slightly higher fees than usual (test transactions will carry a fee of just 1sat/byte, so transactions with two satoshis/byte should usually be mined in the next block regardless of the state of the mempool) for reliable transaction confirmations. However, we believe that if a network wants to call itself Bitcoin, it must be able to show the world that it is anti-fragile, and this includes withstanding attacks that I would consider relatively cheap (we will spend about 70BCH over the course of the day) for a well-funded state based actor to execute.

We are very strong proponents of scaling Bitcoin and believe that a successful demonstration of a public network processing over a million transactions per hour will send a huge signal to businesses and the broader public that Bitcoin Cash is serious about adoption, and serious about becoming a global cash network. We hope that we can generate enough hype through this test that companies looking at implementing cryptocurrency-based payments will put Bitcoin Cash first, as it forges a path towards being the best money possible.

Following the stress test, the team is working on a business plan to create value-added services around generating large volumes of transactions on the blockchain for things such as advertising, corporate testing, stress testing and more. The team is very much looking forward to announcing these efforts soon. – Brendan Lee

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.